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Employment News Helps
Send Tech Market Soaring

By

Vauhini Vara The Wall Street Journal Online

Updated July 8, 2005 5:34 p.m. ET

Technology stocks soared Friday to their highest point since Jan. 3, helped by a jobs report and falling oil prices, which boosted the broader market. A handful of software makers tumbled after announcing disappointing earnings.

A day after posting a brief dip as London's subway system was blasted with four bombs, the Nasdaq Composite leapt 37.22, or 1.8%, to 2112.88. Morgan Stanley's high-tech index gained 8.39 to 484.63, and the...